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Ledger is launching an $899 smartphone-like device aimed at protecting users’ digital assets and online activity, Bloomberg reports. The company makes hardware wallets, and the announcement follows a security incident involving some of its products, according to the report.

Why it matters

The device puts Ledger’s security pitch into a phone-shaped package, with a steep price tag to match. Bloomberg’s report does not establish that the new device addresses the incident or explain its specific protections, so buyers will want those details before treating the price as peace of mind.

Discuss: Would you pay $899 for a dedicated device to protect crypto and online activity, or should those protections be built into ordinary phones?

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